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Marginal revenue - Positive, negative, or zero?
Given each of the following price elasticities, determine whether marginal revenue is positive, negative, or zero. -5, -1, -0.5
Evaluate the range of marginal revenues
You work for an unemployment agency that distributes unemployment checks to unemployed workers in your state.
The law of comparative advantage recommends that countries specialize in those products in which they have a comparative advantage, not an absolute advantage.
Given the table of marginal utilities for CD's and century books, calculate the optimal quantity and total utility at equilibrium. Draw Sarah's budget line for part a and her budget line for part b on the same graph.
Illustrate recommendations would you make to Congress and the President for the management of fiscal policy.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
Elucidate the policy which change, you would recommend also how this change would be financed.
Explain the influence that transferable property rights versus non-transferable property rights, has on individual decision making.
Explain how to describe price elasticity of demand. What are the factors that affect price elasticity of demand.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Suppose you're an economic advisor in charge of trying to raise a maximum level of tax revenue for the government. You consider taxing the suppliers in the market for corn, a major agricultural product in the United States.
Cindy gains utility from consumption and leisure. The most leisure she can consume in a week is 168 hours.
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